Economic impacts of climate change

An error occurred while processing the template.
The following has evaluated to null or missing:
==> mostrarTituloH2  [in template "20102#20129#105831" at line 4, column 40]

----
Tip: If the failing expression is known to legally refer to something that's sometimes null or missing, either specify a default value like myOptionalVar!myDefault, or use <#if myOptionalVar??>when-present<#else>when-missing</#if>. (These only cover the last step of the expression; to cover the whole expression, use parenthesis: (myOptionalVar.foo)!myDefault, (myOptionalVar.foo)??
----

----
FTL stack trace ("~" means nesting-related):
	- Failed at: #assign hayH2 = getterUtil.getBoolean...  [in template "20102#20129#105831" at line 4, column 1]
----
1<#assign title = .vars['reserved-article-title'].getData()> 
2<div class="containerInterior"> 
3<#assign hayH1 = getterUtil.getBoolean(MostrarTituloH1.getData())> 
4<#assign hayH2 = getterUtil.getBoolean(mostrarTituloH2.getData())> 
5 
6<#if hayH1> 
7    <h1 aria-level="1" role="heading" id="titulo">${layout.getName(locale)}</h1> 
8</#if> 
9<#if hayH2> 
10 
11    <#if TituloContenido.getData()?? && TituloContenido.getData() != ""> 
12        <#assign contenido = TituloContenido.getData()> 
13    <#else> 
14        <#assign contenido = title> 
15    </#if> 
16 
17    <#if hayH1> 
18        <p  id="subtitulo"  
19            aria-level="2"  
20            role="heading"  
21            style=" 
22                color: #007f33 !important; 
23                font-size: 45px; 
24                font-family: 'IberPangea Medium', sans-serif; 
25                line-height: 45px; 
26                margin-top: .75em; 
27                margin-bottom: .9em;"> 
28            ${contenido} 
29        </p> 
30    <#else> 
31        <p  id="subtitulo" 
32            style=" 
33                color: #007f33 !important; 
34                font-size: 45px; 
35                font-family: 'IberPangea Medium', sans-serif; 
36                line-height: 45px; 
37                margin-top: .75em; 
38                margin-bottom: .9em;"> 
39            ${contenido} 
40        </p> 
41    </#if> 
42 
43</#if> 
44 
45<#if getterUtil.getBoolean(MostrarCategorias.getData())> 
46 
47 
48 
49    <#assign journalArticleId = .vars['reserved-article-id'].data> 
50    <#assign journalArticleLocalService = serviceLocator.findService("com.liferay.journal.service.JournalArticleLocalService")> 
51 
52    <#assign assetCategoryPropertyLocalService = serviceLocator.findService("com.liferay.asset.category.property.service.AssetCategoryPropertyLocalService") /> 
53 
54    <#assign article = journalArticleLocalService.getArticle(groupId, .vars['reserved-article-id'].data) /> 
55    <#assign assetEntryLocalService = serviceLocator.findService("com.liferay.asset.kernel.service.AssetEntryLocalService")> 
56    <#assign asset = assetEntryLocalService.getEntry('com.liferay.journal.model.JournalArticle', article.resourcePrimKey) > 
57    <#assign layoutLocalService = serviceLocator.findService("com.liferay.portal.kernel.service.LayoutLocalService") /> 
58 
59    <p class="tag-categorias"> 
60 
61    <#list asset.getCategories() as category> 
62 
63 
64 
65    <#if assetCategoryPropertyLocalService.fetchCategoryProperty(category.getCategoryId(), "friendlyURL")??> 
66 
67        <#assign categoryFriendly = '/tag/' + assetCategoryPropertyLocalService.fetchCategoryProperty(category.getCategoryId(), "friendlyURL").getValue() /> 
68 
69        <#if layoutLocalService.fetchLayoutByFriendlyURL(groupId, false, categoryFriendly)??> 
70            <#assign  categoryLayout = layoutLocalService.fetchLayoutByFriendlyURL(groupId, false, categoryFriendly) /> 
71            <#assign categoryLayoutURL = portalUtil.getLayoutFullURL(categoryLayout, themeDisplay) /> 
72 
73            <a class="tag-categoria" href="${categoryLayoutURL}">${category.getTitle(locale)?cap_first}</a> 
74 
75        <#else> 
76        <a class="tag-categoria" href="/tag/#">${category.getTitle(locale)?cap_first}</a> 
77 
78        </#if> 
79    </#if> 
80 
81 
82 
83 
84    </#list> 
85 
86    </p> 
87 
88</#if> 
89<div id="contenidoEntradilla">${DescripcionDetalleContenido.getData()}</div> 
90 
91 
92<#if ContenidoWebcofl.getSiblings()?has_content> 
93	<#list ContenidoWebcofl.getSiblings() as cur_ContenidoWebcofl> 
94		<#assign 
95			webContentData = jsonFactoryUtil.createJSONObject(cur_ContenidoWebcofl.getData()) 
96		/> 
97 
98			<#if webContentData?length gt 5> 
99					<@liferay_asset["asset-display"] 
100                                className = webContentData.className 
101                                classPK = webContentData.classPK?number 
102                        /> 
103 
104			</#if> 
105 
106 
107	</#list> 
108</#if> 
109</div> 
110<@liferay_util["html-top"]> 
111<style> 
112    #decPagination div.containerInterior p#subtitulo { 
113        font-family: "Iberpangea Medium"; 
114        font-size: 45px; 
115        line-height: 45px; 
116        color: #007F33; 
117        margin-bottom: 20px; 
118
119 
120 
121    div.contenidoCentrado div.contenidoInterior div.containerInterior p.tag-categorias a.tag-categoria:focus{ 
122        outline: 2px solid rgba(0, 0, 0, 0.7) !important; 
123
124    p.tag-categorias > .tag-categoria { 
125        width: auto !important; 
126        max-width: inherit !important; 
127
128     
129    div.faldon h2 { 
130        width: 100%; 
131        float: left; 
132        font-size: 1.26em; 
133        font-family: IberPangeaText Light, sans-serif; 
134        margin-bottom: 2em; 
135        border-bottom: 1px solid #e0e0e0; 
136        padding-bottom: .8em; 
137        color: #427314 !important; 
138 
139        line-height: 1.35em; 
140        margin-top: .75em; 
141
142    .contenidoInterior div.faldon h2+ul li:before { 
143        margin: .15em 0 0 -1.75em; 
144        font-size: 1em; 
145
146    .cursiva_texto { 
147        font-style: italic; 
148
149    .contenidoInterior h1 { 
150		font-family: 'IberPangea', sans-serif !important; 
151		font-size: 32px !important; 
152		border: none !important; 
153		line-height: 36px !important; 
154		letter-spacing: 0px !important; 
155		color: #00402A !important; 
156		padding-left: 0em !important; 
157		margin-bottom: 14px !important; 
158
159    p span.table a.enlace-actualidad[href*="/tag/"], 
160    p span.table a.enlace-actualidad[href*="/label/"], 
161    p.tag-categorias a.tag-categoria[href*="/tag/"], 
162    p.tag-categorias a.tag-categoria[href*="/label/"]{ 
163        line-height: 23px !important; 
164
165    .contenidoInterior #contenidoEntradilla p.entradilla { 
166        font-family: IberPangeaText, sans-serif !important; 
167        font-size: 17px !important; 
168        line-height: 23px !important; 
169        font-weight: 700; 
170        color: #615D5A !important; 
171        margin-top: 2em; 
172
173       
174    .contenidoInterior h2#subtitulo{ 
175        font-family: 'IberPangea  Medium', sans-serif !important; 
176        margin-bottom: 0.4em; 
177
178   #decPagination div.containerInterior{ 
179        max-width:980px; 
180        margin:0 auto 25px; 
181
182    #decPagination div.containerInterior h1#titulo{ 
183        font-family:"Iberpangea Medium"; 
184        font-size:32px; 
185        line-height:36px; 
186        color:#00402A; 
187        text-transform:none; 
188        border-left:none; 
189        margin-top:20px; 
190
191    #decPagination div.containerInterior h2#subtitulo{ 
192        font-family:"Iberpangea Medium"; 
193        font-size:45px; 
194        line-height:45px; 
195        color:#007F33; 
196        margin-bottom:20px; 
197
198    #decPagination div.containerInterior p.tag-categorias{ 
199        margin-bottom:30px !important; 
200
201    #decPagination div.containerInterior p.tag-categorias a.tag-categoria{ 
202        margin-right:20px; 
203        color:#00402A; 
204
205    #decPagination div.containerInterior div#contenidoEntradilla p.entradilla{ 
206        font-family:"IberpangeaText"; 
207        font-size:20px ; 
208        line-height:26px; 
209        color:#615D5A; 
210
211    @media all and (max-width:500px){ 
212        #decPagination div.containerInterior h1#titulo{ 
213            font-size:26px; 
214            line-height:36px; 
215
216        #decPagination div.containerInterior h2#subtitulo{ 
217            font-size:35px; 
218            line-height:35px; 
219            margin-bottom:20px; 
220
221        #decPagination div.containerInterior div#contenidoEntradilla p.entradilla{ 
222            font-family:"IberpangeaText Bold"; 
223            font-size:16px ; 
224            line-height:24px; 
225
226
227    @media screen and (max-width: 47.95em) { 
228        .contenidoInterior h1 { 
229            font-size: 26px !important; 
230
231        .contenidoInterior h2#subtitulo{ 
232            font-size: 35px; 
233            line-height: 35px; 
234            color: #007F33 !important; 
235            margin-bottom: 1em; 
236
237        .contenidoInterior #contenidoEntradilla p.entradilla { 
238            margin-top: 0.8em; 
239
240        .contenidoInterior #contenidoEntradilla p.entradilla { 
241            line-height: 24px !important; 
242
243
244 
245 
246</style> 
247</@> 
Climate change
Climate change is now considered one of the greatest threats to economic stability.

As well as its serious impact on the environment and people, climate change is one of the biggest threats to economic stability.Heatwaves make us less able to work and reduce productivity. Hurricanes, cyclones and typhoonsdevastate millions of people, leaving them in absolute poverty after ruthlessly sweeping away their communities. Droughtsshrink harvests, further complicating the arduous task of feeding the world population, which is expected to reach 10 billion by 2050 (World Population Prospects 2019, United Nations Organisation). The World Bank is warning: if we don't do something immediately, climate change could push 100 million more people into poverty by 2030.

The social and economic impact of climate change.
The social and economic impact of climate change.

 SEE INFOGRAPHIC: The social and economic impact of climate change [PDF]

The Stern report and the Nordhaus model

Considered until not long ago something that didn't affect us, the health of the environment takes centre stage in the models of today's economists.

In 2006, the British government was the first to commission an economist to draft a report on the climate. It chose the World Bank's former chief economist, Nicholas Stern, and the result was a 700-page document that has become a reference on the subject. Stern confirmed that “greenhouse gas emissions are the biggest mistake that the world market has ever seen”. In short, the main conclusion of the Stern Report is that we need to invest the equivalent of 2% of global GDP to mitigate the impact of climate change.

Meanwhile, American economist William D. Nordhaus received the Nobel Prize for Economics in 2018 with Paul Romer for integrating climate change into long-term macroeconomic analysis. Nordhaus was the first economist to develop a quantitative model that reproduces the interaction between economic development and climate change on a global scale. According to Nordhaus, the solution to climate change is to apply prices that will act as a deterrent to using fossil fuels, because the current price is too low and does not foster the search for alternatives like renewable energies.

Is it possible to halt climate change and boost the economy?

Despite the initial reticence of the business community, an increasing number of studies and activities show that measures aimed at dealing with global climate change are a golden opportunity for ensuring sustainable development and driving economic growth. As explained by the World Commission on the Economy and Climate in a report at the end of 2018, adopting ambitious climate measures may generate profits of USD$26 billion by 2030, creating 65 million new jobs with low carbon emissions.

According to this report, to build a more resilient, beneficial growth model for people we must accelerate structural transformation in five key economic sectors:

Clean energy systems

Decarbonisation of the energy system coupled with decentralised, digitised electrification technologies could give a billion more people access to modern energy services.

Smarter urban developments

More compact, connected and coordinated cities would save US$ 17 billion by 2050 and stimulate economic growth by improving access to work and housing.

Sustainable land use

A switch to more sustainable farming methods combined with strict forestry protection could generate economic benefits of around 2 billion dollars per year.

Smart water management

In areas with a water shortage, GNP could fall by up to 6% in 2050. This could be prevented by making more efficient use of water through technological improvements and investment in public infrastructure.

Circular industrial economy

Today, 95% of the value of the material from plastic packaging - up to 120 billion dollars a year - is lost after the first use. Policies that encourage more circular and efficient use of materials could improve global economic activity and reduce waste and pollution.

At the same time, the Global Commission on the Economy and Climate is urging public and private sector leaders to take these urgent measures in the next two or three years: put a price on carbon and force companies to disclose climate-related financial risks, speed up investment in sustainable infrastructure, harness the power of the private sector, boosting innovation and increasing the transparency of the value chain, and adopt a people-centric focus to ensure equitable growth and a fair transition.

The United Nations Organisation (UNO) says that it is not too late to turn around climate change and minimise its terrible effects. The truth is that humankind has the organisational and technological capacity to counteract and solve all the problems and damage we have done to the planet, and repair the harm caused to nature.

Circular economy model at the Iberdrola Group 

At Iberdrola, we work to be more respectful of nature in our three strategic sustainability areas: climate action, biodiversity protection, and circular economy.

For this reason, our sustainable business model is based on the circular economy model, a system for making the most of resources in which priority is given to reducing the use of new raw materials through efficiency in processes, product life extensions, and a firm commitment to the reuse and recycling of materials.

We apply this approach across our entire value chain, building a decarbonised future together with strategic partners who share our vision and values for protecting and preserving the environment.